February 23, 2021

Egypt and Israel discuss future of Leviathan natural gas field


CAIRO: Egypt’s Energy Minister Tarek El-Molla has agreed, during a meeting with Israeli Energy Minister Yuval Steinitz, to link the Israeli Leviathan gas field with the natural gas liquefaction units in Egypt through a marine pipeline, the ministry said in a statement.

Following the establishment of the Eastern Mediterranean Gas Forum, the two ministers made clear their support for coherent and strong energy infrastructure in the eastern Mediterranean, with the aim of maximizing natural gas resources and reserves in the region, the statement read.

They also stressed the importance of contributing to the 2030 goals of the UN and the Global Climate Agreement to reduce harmful emissions by 2050, and discussed ways to increase Palestinian energy independence, including developing a Gaza marine field, the establishment of a power plant in Jenin, and supplying natural gas directly to the Palestinians.

This is the first visit for an Egyptian minister to Israel for five years. El-Molla was welcomed by Israeli Prime Minister Benjamin Netanyahu at the prime minister’s headquarters in West Jerusalem, in the presence of Steinitz.

Netanyahu said he believes the meeting to be a tremendous opportunity to achieve regional cooperation between Egypt, Israel and other countries.

“We believe that a new era of peace and prosperity is currently prevailing, thanks to the Abraham Agreements,” he added.

arabnews


Categories : oil and gas

Finance & Economy

AMOC’s consolidated profit skyrockets 1,057% in 6 months

2022-01-22 04:00:00

ArabFinance: Alexandria Mineral Oils Company (AMOC) reported a 1,057% year-on-year (YoY) surge in consolidated net profit after"...
Read More

Egypt, South Korea sign a $1bn financing...
January 22, 2022
Jamaica Showcases Its Top Women Sportspe...
January 21, 2022

Latest News



oil and gas

Elsewedy Electric’s unit inks EGP ...
January 22, 2022
Egypt signs oil deals worth $506 million
January 21, 2022
The world needs smarter policies for the...
January 20, 2022